Bill
Bill > S4237
summary
Introduced
05/02/2024
05/02/2024
In Committee
05/02/2024
05/02/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.
AI Summary
This bill, known as the "Eliminate Lavish Incentives To Electric Vehicles Act" or the "ELITE Vehicles Act," proposes to repeal the federal tax credit for new clean vehicles, the credit for previously-owned clean vehicles, and the credit for qualified commercial clean vehicles. Additionally, the bill excludes electric vehicle recharging property from the alternative fuel vehicle refueling property credit. These changes would eliminate various tax incentives that previously encouraged the purchase and use of electric and other clean vehicles.
Committee Categories
Budget and Finance
Sponsors (20)
John Barrasso (R)*,
Mike Braun (R),
Shelley Moore Capito (R),
Tom Cotton (R),
Kevin Cramer (R),
Steve Daines (R),
Joni Ernst (R),
Deb Fischer (R),
John Hoeven (R),
James Lankford (R),
Mike Lee (R),
Cynthia Lummis (R),
Roger Marshall (R),
Pete Ricketts (R),
Jim Risch (R),
Mike Rounds (R),
Marco Rubio (R),
Eric Schmitt (R),
Rick Scott (R),
John Thune (R),
Last Action
Read twice and referred to the Committee on Finance. (on 05/02/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/4237/all-info |
| BillText | https://www.congress.gov/118/bills/s4237/BILLS-118s4237is.pdf |
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